Cash out or HELOC on primary residence

[Guillermo Oyola]

Hello BP family. Which banks are doing HELOC now? I've called a few the banks I know but they are not doing at this moment. Looking for HELOC for my primary residence in Louisiana. Or will cash out refi be better choice? Which is faster to get cash? Just did cash out refi my rentals and took around 6 weeks.

[Brian G.]

@Guillermo Oyola in that case consider a Heloc which can be used to purchase property, then after you rehab, rent, refi you can pay off your Heloc and use it again for the next deal and then the next...